Shares of Deutsche Bank AG (NYSE:DB) dropped 3.4% during mid-day trading on Wednesday . The company traded as low as $12.50 and last traded at $12.94, with a volume of 7,522,506 shares. The stock had previously closed at $13.40.

DB has been the subject of a number of recent analyst reports. DZ Bank AG restated a “neutral” rating on shares of Deutsche Bank AG in a report on Monday, June 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of Deutsche Bank AG in a report on Thursday, March 31st. Vetr upgraded shares of Deutsche Bank AG from a “hold” rating to a “buy” rating and set a $18.42 price target for the company in a report on Thursday, April 14th. Equinet Institutional Services restated a “neutral” rating on shares of Deutsche Bank AG in a report on Thursday, April 21st. Finally, Zacks Investment Research downgraded shares of Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. Deutsche Bank AG has a consensus rating of “Hold” and a consensus target price of $21.00.

The company’s 50-day moving average price is $15.96 and its 200-day moving average price is $18.01. The firm’s market cap is $17.76 billion.

Other large investors have added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Deutsche Bank AG by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 29,308,802 shares of the company’s stock valued at $707,807,000 after buying an additional 811,605 shares during the last quarter. Schroder Investment Management Group raised its stake in Deutsche Bank AG by 7.8% in the fourth quarter. Schroder Investment Management Group now owns 9,025,293 shares of the company’s stock valued at $203,294,000 after buying an additional 649,298 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in Deutsche Bank AG during the fourth quarter valued at about $164,623,000. State of Wisconsin Investment Board raised its stake in Deutsche Bank AG by 34.9% in the fourth quarter. State of Wisconsin Investment Board now owns 1,523,872 shares of the company’s stock valued at $37,287,000 after buying an additional 394,376 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Deutsche Bank AG by 304.2% in the fourth quarter. Bank of Montreal Can now owns 967,919 shares of the company’s stock worth $23,375,000 after buying an additional 728,448 shares during the last quarter.

Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).

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